Ethereum Options Tilt Cautiously Bullish Amidst Reduced Risk Exposure

Ethereum options positioning is showing cautious optimism, even as traders reduce their risk exposure.

The total open interest (OI) in Ethereum options dropped by 23% to $4.168 billion on Friday at 00:50 UTC, down from $5.436 billion a day earlier.

Despite this decline, call options continue to dominate the OI mix, accounting for 61.43% of outstanding contracts versus 38.57% for puts.

The near-dated flow also shows a slight bias toward calls, indicating that traders are actively transacting downside protection and volatility hedges in the short term.